Latest Stock Market News

Adani Green calls off $1.2-billion bond issue

Updated at : 2024-10-16 07:30:02

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The initial price guidance was for a fixed coupon rate of 7% for the 20-year bond. The bond proceeds were expected to help free up funds from an existing $3.4 billion revolving credit facility from banks that it could have in turn used to finance new projects, people familiar with the issue said.

Maharashtra state government-owned MAHAGENCO and public sector NTPC have also submitted a joint bid for the plant, which is based near Nashik, two people familiar with the process said.

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ABSL AMC has committed 10% of sponsor capital to its recently launched ₹2,500 crore performing credit fund, with plans to announce a first closure by early 2024.

Sebi hikes position limits for index F&O

Updated at : 2024-10-16 07:30:02

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The overall position limits for client and proprietary trades, in index futures and options contracts will be set at ₹7,500 crore or 15% of the total open interest or outstanding positions in the market, Sebi said in a circular on Tuesday. This would come into effect immediately.

Asian stocks slide as tech selloff hurts risk mood

Updated at : 2024-10-16 07:30:02

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Equity benchmarks in Sydney, Tokyo and Seoul all fell, while contracts pointed to declines in Hong Kong. S&P 500 futures were little changed after the benchmark slid 0.8% on Tuesday. Treasuries were steady while oil clawed back some gains in early trading after plunging Tuesday.

The government will sell up to 5% stake sale in the company via an offer for sale (OFS). The OFS will opened on Tuesday and the floor price is fixed at Rs 1,673.

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The retail segment was affected by a demand slack in the fashion and lifestyle (F&L) vertical and a sequential decline in total store area. The digital segment reported a sequential drop in subscriber numbers amid tariff hikes and higher average revenue per user (ARPU).

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US listings have become increasingly appealing to European companies because the country offers a broader investor base and bigger pool of capital, allowing for higher valuations. Construction company CRH Plc moved its primary listing from London to New York last year, and has seen its shares soar more than 60% since.

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Brokerages have initiated coverage on these stocks with buy ratings and project returns of 20% to 43%, as per their analysts’ price targets.

FPIs raise holdings in 50 SMID Cap stocks

Updated at : 2024-10-16 06:20:01

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​​According to consensus price target estimates of analysts compiled by Refinitiv, the stock could give a return of 26% over the next year. FPI holding in Heritage Foods increased from 3.32% to 8.26% while Genus Power saw their stakes rise from 2.77% to 7.36%

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